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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Nov. 7, 1957)
PAGE TWO HERALD AND NEWS, KLAMATH FALLS, OREGON THURSDAY, NOVEMBER 7. 1957 The United States National Bank Of Portand The new Town and Country Branch or The United Slates Na tional Bank of Portland, located at the northwest corner of the Town and Country Shopping Center on South Sixth Street, becomes U.S. National's 64th banking office in Wregon. The doors will open on Saturday, November 9. with the official cut ting of the ribbon at about 9:45 a.m. For the special occasion. E. C. Sammons, president of the institution, will come from Port land. The city fathers will assist at the occasion of the opening of the new branch. earlier in the week, various persons were consulting bank offi cials in order that they may be among the first depositors at the new branch. One of the pleasant first duties of the new manager, Elton W. Smith, will be presenting to a lit tle Chiloquin girl a savings ac count book with a $25 credit as a reward for her drawing of the Thunderbird which highlights the entrance foyer of the building. Also on hand will be Murdo Morrison and John Howard, part ners in the local architectural firm which drew the plans and specifi cations for the bank building, and W. J. (Bill) Duncan, head of Dun can Construction Company of Klamath Falls, building contractor. The United States National Bank of Portland has served Oregon for 66 years. In his annual report to stockholders early this year. Pres ident E. C. Sammons said: "The year 1956 was the best year in the bank's history ... we provided more banking service to more people than m any previous year of the bank's history and we were privileged to lend more money, handle more trust ac counts and process more debits and credits to our commercial and savings accounts than ever before. 'One significant develoDment during 1956 was that our trust business increased more in one year than in the first 20 years of the department's existence." He pointed out that The United States National Bank of Portland is owned by 5,461 shareholders, of whom 80.5 per cent are residents of the state of Oregon. U.b. National s slogan is "An Oregon Bank Serving Oregon." President bammons also said: "A bank is a public service in stitution. Its services are vital to the region and to the nation. Al though we have lots of marble and plate glass, various machines and. of course, another necessary in gredient, money, the most impor tant thing of all is people. A oaruc is truly people custo mers who have confidence in the1 institution and a devoted staff of people to serve those customers. "Our staff totals more than 2,000 persons, of whom 1,253 are women and 752 are men. They comprise a fine, loyal, efficient team; so efficient that the Ameri can Institute of Management, Inc., has for the second time placed the name of our bank on its 1957 list of 'Excellent Managements' which numbers 406 American and Cana dian companies." The annual report shows total deposits in 1896 of $371,133.37. By 1906, this total had increased to $6,850,812.69. This figure approxi mately doubled by 1916 and had reached in 1926 a total of $54, 542,082.22 which doubled again by 1926. Deposits stood at $113,912, 986.26 in 1936; $550,571,354.42 in 1946 and $784,152,311.54 in 1956. The Town and Country Branch of the U.S. National offers com plete banking service. The main banking area of the new building occupies approxi- DRIVE-IN BANKING Provisions have been incorpor ated in the west wall of the Town and Country branch bank building to permit a future drive-in win dow. ' mately 5,400 square feet. The walls, with the exception of the main vault, are of colored pumice stone block, manufactured ' and supplied by a Klamath Falls plant. The floor covering is vinyl as bestos tile. The beams supporting the roof are Glu-lams, manufac tured by Weyerhaeuser Timber Company. The ceiling features acoustical tile and modern fluores cent lighting is used throughout. Careful engineering goes into the plans for a new bank. Tellers coun ters must be the right height for the average person to use com fortably. Forty-inch height is con sidered uniform (and when shorter than average tellers are employed, platforms arc built for them to stand on). The tellers counters are 36 inches wide to provide ample space for customer use. Materials featured include frosted walnut formica tops and a simulated wov en mat vinyl plastic on the front panels. A modern check desk, featuring NIGnT BANKING Night depository service is avail able from the east covered porch way and embodies the latest se curity, theft-proof type of construction. the new aluminum perpetual cal endar, is located on the east wall of the bank lobby. Material used is frosted walnut formica, carrying out the interior decor. The employes of the Town and Country branch have been consid ered in the planning and have been provided with modern, up-to-date lounge facilities for rest and lunch periods. A range, refrigerator, sink unit, natural birch cabinets, dining table and chairs and lounge furni ture are included. . SAFE DEPOSIT Customers at the new Town and Country Branch of U.S. Na tional will find approximately 200 safety deposit boxes for rent in tbe bank's vault. There are three booths for customers' convenience in examining the contents of their boxes and the vault is of maxi mum security construction. The walls are poured reinforced con crete and buff brick veneer. PARKING Customer parking to the east of the new bank building was pro vided for in the plans and speci fications drawn for the Town and Country branch. ELTON SMITH Manager of the Town and Coun try Branch of The United States National Bank of Portland, Elton W. Smith, has been a resident of Klamath Falls for 31 of his 37 years and at the start of 1957 could say he had been employed by the U.S. National for half of his life. Ho started with U.S. National's downtown Klamath Falls branch in 1939 as a bank messenger. The ladder on the way to branch man ager has included the steps of bookkeeper, proof department, teller, notes department, chief clerk and for the last four years, head of the consumer credit de partment. Smith was named as assistant manager on July 1, 1955, from which position he steps up to man ager. His civic service during the years includes six years on the: Community Chest and United Fund i boards. In 1952 he was counly chairman fur the cancer drive and in the; fall of that year served as gen- ernl campaign chairman for the Community Chest drive. For out standing community service, he received the Klamath County Jun-. lor Chamber of Commerce's First Citizen award in January, 1953. ! In 1954, Smith was named as president of the Klamath County United-Fund Ked . Cross and has been active in all succeeding campaigns. On Saturday, Smith and the bank branch he will manage be come the 14th member in the Town and Country Shopping Cen ter which was opened officially in July, 1954. Put the money in the U.S. Bank when you Bank These Savinqs! TOPCOATS A real super bank-welcomer-speeial-men's 100 wool topcoats, a brand new stock of the latest winter models. A regular $60.00 nationally known brand. All sizes and colors. Alf Weather Suede Jackets All sizes and colors rust, brown and blue. Spot re sistant, water repellent. Bank on this savings . , . regular $19.95 . . . now USE OUR REVOLVING CHARGE PLAN! Set Your Own Credit Limit And Monthly Payments. Wool Jackets Men's heovy weight 33-01. wool melton jackets in novy blue. Sizes 36 - 46. A real bonk opener ot just . . 1 44 Union Suits Men's Allen A Union suits, ankle length, short sleeve. All sizes. Put money in the bonk on this regular $3.50 value, now , , , 244 few L J M" Ml vmmt Horsehide Jackets 1 11 T 9w The very best front quarter horsehide. Knit cuffs and waist band. Full leather collar, reg. $24.95 bank almost $5.00 at the price of . . . Visit The New Bank And Shop Drews Till 9 P.M. Phone TU 4-4334
